2402 Camino Del Mar
More Than Just a Property
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Nearby Schools
Educational options and performance ratings in the area.
Del Mar Hills Elementary School
Earl Warren Middle School
Torrey Pines High School
Property Overview
A stunning investment opportunity in a prime location. This property features modern amenities, spacious living areas, and strong rental potential.
Features & Amenities
Haven AI Verdict
Data provided by Haven AI. Disclaimer
Haven AI
2402 Camino Del Mar presents a rare investment profile for the elite Del Mar coastal market. A 7.27% rental yield is significantly higher than the 3-4% average typically seen in premium Southern California zip codes, suggesting strong short-term rental potential or high-end lease demand. The projected $5,985 monthly cash flow is impressive for a $6M asset, providing a robust buffer against carry costs. However, a conservative analyst must weigh this against the high entry price and liquidity risk. While the 4% appreciation is grounded in historical supply constraints, the high price point and coastal maintenance requirements necessitate a disciplined reserve fund for capital expenditures and economic downturns.
- • Exceptional rental yield of 7.26% for a luxury coastal market
- • Positive monthly cash flow of nearly $6,000 provides strong operational safety
- • Prime Del Mar location with permanent supply constraints and high desirability
- • Stable 4% appreciation forecast supported by historical neighborhood performance
- • High entry price of $5.995M limits the exit strategy to a narrow pool of buyers
- • Luxury rental markets are highly sensitive to broader economic cycles
- • Coastal property maintenance (salt air, humidity) often exceeds standard 1% reserves
- • Regulatory risk regarding short-term rental restrictions in high-value CA coastal zones
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-06-08 | Sold | $5,700,000 | $2,159 |
| 2026-05-20 | Pending sale | $5,995,000 | $2,271 |
| 2026-05-07 | Price change | $5,995,000 | $2,271 |
| 2026-04-18 | Listed for sale | $6,195,000 | $2,347 |
| 2026-01-30 | Listing removed | $6,195,000 | $2,347 |
| 2026-01-12 | Price change | $6,195,000 | $2,347 |
| 2025-09-17 | Price change | $6,550,000 | $2,481 |
| 2025-07-22 | Listed for sale | $6,950,000 | $2,633 |
| 2016-10-14 | Sold | $5,945,000 | $2,252 |
| 2015-04-09 | Listing removed | $12,500 | $5 |
| 2015-03-26 | Price change | $12,500 | $5 |
| 2015-02-13 | Price change | $26,000 | $10 |
| 2014-11-08 | Price change | $10,000 | $4 |
| 2014-08-23 | Price change | $12,500 | $5 |
| 2014-01-09 | Price change | $26,000 | $10 |
| 2014-01-01 | Price change | $20,000 | $8 |
| 2013-07-30 | Listed for rent | $9,950 | $4 |
| 2013-01-02 | Listing removed | $9,950 | $4 |
| 2012-10-01 | Listing removed | $5,495,000 | $2,081 |
| 2012-10-01 | Listed for rent | $9,950 | $4 |
| 2011-10-26 | Listed for sale | $5,495,000 | $2,081 |
| 2005-01-03 | Sold | $2,100,000 | $795 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2026 | $0 | $6,899,677 |
| 2025 | $72,054.14 | $6,764,390 |
| 2024 | $72,043.24 | $6,764,390 |
| 2023 | $70,459.56 | $6,631,756 |
| 2022 | $69,334.2 | $6,501,723 |
| 2021 | $66,769.28 | $6,374,239 |
| 2020 | $67,366.34 | $6,308,880 |
| 2019 | $65,959.34 | $6,185,178 |
| 2018 | $63,108.05 | $6,063,900 |
| 2017 | $61,917.98 | $5,945,000 |
| 2016 | $34,731 | $3,377,027 |
| 2015 | $34,208.98 | $3,326,302 |
| 2014 | $33,499.9 | $3,261,145 |
| 2013 | $0 | $3,246,407 |
| 2012 | $0 | $3,182,753 |
| 2011 | $0 | $3,120,347 |
| 2010 | $0 | $3,097,027 |
| 2009 | $0 | $3,104,385 |
| 2008 | $0 | $3,043,516 |
| 2007 | $0 | $2,983,840 |
Investment Numbers & Operating Model
Standardized cash flow underwriting modeled with state tax schedules, regional insurance hazard risk, and disciplined operating reserves.
Multi-factor yield grade
NOI: $355,427/yr
On $1,378,850 invested
Negative debt coverage
Equity + cumulative cash
Monthly Cash Flow Breakdown
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